Quantbot Technologies LP Has $7.93 Million Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Quantbot Technologies LP has reduced its stake in FTAI Aviation Ltd. by 18.0%, now holding 71,379 shares with a value of approximately $7.93 million.
• FTAI Aviation recently reported $1.57 earnings per share, surpassing analysts' estimates, and reported a 52.4% increase in quarterly revenue year-over-year.
• The company declared a quarterly dividend of $0.30 per share, which will be paid on August 19th, translating to an annualized yield of 0.8%.

Quantbot Technologies LP lessened its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,379 shares of the financial services provider's stock after selling 15,638 shares during the quarter. Quantbot Technologies LP owned approximately 0.07% of FTAI Aviation worth $7,925,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FTAI. Versant Capital Management Inc lifted its position in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 181 shares in the last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $26,000. Transce3nd LLC purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. purchased a new stake in FTAI Aviation in the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded up $5.69 during midday trading on Thursday, reaching $146.09. 1,390,789 shares of the company's stock traded hands, compared to its average volume of 2,268,997. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 36.16 and a beta of 1.61. The company's 50 day simple moving average is $125.19 and its 200 day simple moving average is $116.00. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. FTAI Aviation's revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter last year, the firm earned ($2.26) EPS. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is presently 29.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FTAI shares. Barclays cut their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. JMP Securities increased their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada increased their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $179.50.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.